There is a time for action and a time for rest. The stock market is giving me a time of rest, waiting for the upward correction to complete. The short-term timing component of I1 is calling for rally lasting at least another 3 days, but the longer-term I1 is down. I trade in the direction of the longer-term trend.
The DJI critical M/A was crossed at 11,990 and projects an upper envelope at 12,152. I expect the rally to continue but buying DXD (short DJI) at 12,140 with a 12,155 stop is worth a shot. I bought 2% DXD at 17.97 this morning.